Swiss fund-of-hedge-funds manager makes Asian acquisition

Gottex Fund Management Holdings has announced that it has reached agreement on the acquisition of Hong Kong based Penjing Asset Management, one of the primary Asian alternative asset management providers. Ronnie Wu, founder and CIO of Penjing, will join


Intesa Q1 profit jumps, bad loan provisions up

The bank was forced to book provisions for risky loans of 970 million euros over the quarter, a 43 percent rise compared to a year earlier, as credit quality deteriorated in Italy due to a deep economic recession.


Metro Bank Eyes UK Retail Banking Expansion

The Metro bank is still a very small player in the U.K., dwarfed by the "big four"--Lloyds Banking Group PLC (LYG), Royal Bank of Scotland Group PLC (RBS), Barclays PLC (BCS) and HSBC Holdings PLC (HBC).


Why Standard Life's AA-rated Moore bought Barclays

But as well as buying into telecoms provider BT, Moore (pictured), said he bought into Barclays because 2011'a difficulties made it underpriced even though this year it is in a stronger position.


Ashcourt Rowan picks Cofunds to power platform

It will include an entry-level execution only proposition, a service for investors who do not need on-going financial advice but want guidance and a proposition for clients receiving full advice.


Film investment could lose tax breaks

Thousands of investors who have pumped billions of pounds into film finance schemes face an anxious wait to find out whether a recent court decision signals the end of lucrative tax breaks.


Warba Bank's $33 million UK property deal‎

The building enjoys excellent characteristics and is distinguished by its unique and award-winning design. It provides long-term income and a security of a world class covenant for Warba Bank.


Schroders’ Turner cautiously bullish after difficult 2011

Jane Turner, manager of Schroders’ multi-manager funds, is cautious about the near-term outlook for markets following a difficult 2011 and a rally in which she was held back by exposure to US high-yield debt and defensive shares.